DXNLX vs. QLD
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and ProShares Ultra QQQ (QLD).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Performance
DXNLX vs. QLD - Performance Comparison
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DXNLX vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -11.90% | 22.13% | 28.56% | 66.63% | -40.88% | 32.49% | 58.90% | 46.34% | -3.37% | 37.37% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 67.44% |
Returns By Period
In the year-to-date period, DXNLX achieves a -11.90% return, which is significantly higher than QLD's -13.35% return.
DXNLX
- 1D
- -0.99%
- 1M
- -10.20%
- YTD
- -11.90%
- 6M
- -9.94%
- 1Y
- 20.75%
- 3Y*
- 22.54%
- 5Y*
- 12.16%
- 10Y*
- —
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
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DXNLX vs. QLD - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than QLD's 0.95% expense ratio.
Return for Risk
DXNLX vs. QLD — Risk / Return Rank
DXNLX
QLD
DXNLX vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and ProShares Ultra QQQ (QLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DXNLX | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.84 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.43 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.49 | -0.44 |
Martin ratioReturn relative to average drawdown | 3.72 | 4.88 | -1.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXNLX | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.84 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.34 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.53 | +0.18 |
Correlation
The correlation between DXNLX and QLD is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DXNLX vs. QLD - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 1.13%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 1.13% | 2.31% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 0.00% | 8.79% | 7.52% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
DXNLX vs. QLD - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.77%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for DXNLX and QLD.
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Drawdown Indicators
| DXNLX | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -83.13% | +39.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.93% | -25.13% | +9.20% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -63.68% | +19.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.68% | — |
Current DrawdownCurrent decline from peak | -15.91% | -20.10% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -18.30% | +9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 7.67% | -3.18% |
Volatility
DXNLX vs. QLD - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.78%, while ProShares Ultra QQQ (QLD) has a volatility of 12.96%. This indicates that DXNLX experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXNLX | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 12.96% | -6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 25.55% | -10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.97% | 44.91% | -16.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.22% | 44.77% | -16.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.94% | 44.47% | -15.53% |